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Josh just turned 25 and he has come to you for financial advice in starting a retirement fund. He would like to have a balance
Josh just turned 25 and he has come to you for financial advice in starting a retirement fund. He would like to have a balance of $750,000 in the account when he turns 65. The account you offer him pays 3.02% APR, compounded monthly. Your job is to tell Josh how much he needs to deposit every month to meet his goal. Label each value given. Write the appropriate formula, filling in all known values. Use the calculator to get an approximation (to the nearest cent), answer the question with a complete sentence
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